Saudi Arabia’s Public Investment Fund (PIF) reportedly owns a minority stake in the Aston Martin Formula 1 team. The fund’s holding totals almost 8 percent, Bloomberg reported, citing data from the UK’s Companies House registry. Although Aston Martin announced Canadian billionaire Lawrence Stroll’s stake divestment, PIF’s investment was not previously disclosed, the report said. PIF also owns a […]Saudi Arabia’s Public Investment Fund (PIF) reportedly owns a minority stake in the Aston Martin Formula 1 team. The fund’s holding totals almost 8 percent, Bloomberg reported, citing data from the UK’s Companies House registry. Although Aston Martin announced Canadian billionaire Lawrence Stroll’s stake divestment, PIF’s investment was not previously disclosed, the report said. PIF also owns a […]
PIF owns minority stake in Aston Martin F1 team
Saudi Arabia’s Public Investment Fund (PIF) reportedly owns a minority stake in the Aston Martin Formula 1 team.
The fund’s holding totals almost 8 percent, Bloomberg reported, citing data from the UK’s Companies House registry.
Although Aston Martin announced Canadian billionaire Lawrence Stroll’s stake divestment, PIF’s investment was not previously disclosed, the report said.
PIF also owns a 17 percent stake in London Stock Exchange-listed carmaker Aston Martin, with state oil company Saudi Aramco being the main sponsor of the Formula 1 team.
Stroll, Aston Martin’s executive chairman, reportedly held preliminary talks with PIF in November about taking the British luxury auto manufacturer private.
Further reading:
- Saudi Arabia explores options to own F1 team
- PIF-backed Aston Martin to raise $266m, warns on profits
- Gulf nations gain ground in sport soft power ranking
Bahrain’s wealth fund Mumtalakat and Abu Dhabi-based CYVN Holdings agreed in September to a deal to take complete control of the McLaren racing team.
In 2024, the Qatar Investment Authority acquired a “significant minority” stake in Audi’s Formula 1 team, becoming a long-term investor and strategic partner.
The Formula 1 calendar features four races in the Middle East: Bahrain, Saudi Arabia, Qatar and Abu Dhabi.
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